If you have a low credit score, lenders are more likely to give you what type of interest rate? A. A low interest rate B. A high

Question

3 years ago

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If you have a low credit score, lenders are more likely to give you what type of interest rate? A. A low interest rate B. A high

interest rate C. A default interest rate D. A creditor interest rate Please select the best answer from the choices provided A B C D

Business

1 answer:

alisha [4.7K] · Answer 1 · 2022-02-09T10:45:43+03:00

Answer:

B) A high interest rate.

Explanation:

A low credit score means a bad credit score. Meaning you are not that reliable in paying your credit back. If you were reliable, they would make it easy for you and give you a low interest rate. However, your credit score says otherwise so they will give you a high interest rate since you are a higher risk.